.......................Amid all the discussion on the challenges new banks will face in coming years, one important issue has skipped attention. India already has close to 90 commercial banks including state-run, private-sector and foreign lenders. The country also has thousands of rural and cooperative banks. Does it really need more banks? No, says KKR's Nayar. "What India needs are big banks which have bigger balance sheets so that they can lend more," he says. That's a point to ponder.
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